RJS Realty Arranges Enterprise Bank Building Sale in North Palm Beach, FL

DELRAY BEACH, FL– RJS Realty Group, Inc. announced the sale of the Enterprise Bank Building, (top right photo) a 20,992 square foot, office/retail building located at the Northwest corner of Kathy Lane and U.S. Highway One in North Palm Beach , Florida.

Anchor tenants include the Melting Pot Restaurant (4,449 s.f.) and Enterprise Bank (3,965 s.f.) along with Signature Cabinetry and Kathryn Beamer, P.A.

RJS Realty Group, Inc. arranged the acquisition on behalf of the purchaser 11811 Highway One Realty, LLC, an affiliate of Urban Realty Partners, LLC., a local private real estate group managed by Robert J. Sullivan. (middle left photo)

The exclusive agents for the seller were Scott O’Donnell and Dominic Montazemi of CB Richard Ellis.

Sullivan noted, “the Enterprise Bank Building is an exceptionally located building with an excellent group of tenants. It can accommodate a mix of retail, office and medical tenants and the property enjoys excellent exposure to U.S. Highway One.

"It is strategically situated in an affluent trade area. After sustaining hurricane damage in 2004, the property was renovated and sold during the re-leasing phase in March 2005 for $3,850,000."

The current sale was for a price of $4,000,000, or $190 per square foot. The purchase was financed by City National Bank.

Formed in 1986, RJS Realty Group is a real estate investment brokerage and advisory company
specializing in the sale of investment grade properties throughout the State of Florida.

For more information, please call Bob Sullivan at (561) 659-9771 ext. 1.

Media Contact:

Karen M. Smyack
Senior Marketing Director
RJS REALTY GROUP, INC.
70 S.E. 4th Avenue / Delray Beach, Florida 33483
Office - 561.659.9771 ext. 8 / Fax - 561.659.9773 / Cell - 561.236.2028
Email - karensmyack@rjsrealty.com / http://www.rjsrealty.com/